Business & Finance: Revived Rails

With most U. S. railroads having by last week reported their first half
incomes for 1929, statisticians, investors, speculators and
railroaders noted and interpreted the following railroad facts:

General Earnings. Estimators figured that the operating net income for
all U. S. railroads for the first half of 1929 was at the rate of
annual earnings of 6.11% of railroad valuation (by the roads), whereas
the same figure for corresponding 1928 period was at the annual rate of
4.78% on valuation.